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lutik1710 [3]
3 years ago
9

Suppose that the equilibrium price and quantity for 1 bedroom apartments in Orange County is $2,000 and 250,000 respectively. Wh

at is the most likely outcome from the Orange County Board of Supervisors' implementation of a price ceiling at $2,500 for a 1 bedroom apartment
Business
1 answer:
ad-work [718]3 years ago
8 0

Answer: c. No effect

Explanation:

This is a non-binding price ceiling. A none-binding price ceiling is a price ceiling that is higher than the equilibrium price for a commodity in the market. As a result, there will be no effect on the market.

The reason being that a price ceiling is a price that companies and people are not meant to exceed. If this price is already higher than the equilibrium price, there would be no need to exceed or go below it it so there would be no effect.

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Excerpts from Huckabee Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receiv
ICE Princess25 [194]

Answer:

The Huckabee's 2018 average collection period (rounded) is 5 times

Explanation:

To find out the average collection period for Huckabee's 2018, we have to use the formula of the average collection period which is presented below:

Average collection period = Net credit sales ÷ Average accounts receivable

where,

Net credit sale is $400,000

And, the average accounts receivable is calculated by applying the equation which is shown below:

= (2017 accounts receivable + 2018 accounts receivable) ÷ 2

=  ( $72,000 + $80,000 ) ÷ 2

= $76,000

Now apply the above values to the formula

So, the answer would be equal to

= $400,000 ÷ $76,000

= 5.26 times

The other things like opening balance of merchandise inventory and cost of goods and  the ending balance of merchandise inventory and cost of goods is irrelevant. Thus, it is not to be considered.

Hence, Huckabee's 2018 average collection period (rounded) is 5 times

5 0
3 years ago
A lot of points give away
abruzzese [7]

Answer:

Assertion: When radius of a circular wire carrying current is doubled, its magnetic moment becomes four times.

Reason: Magnetic moment depends on area of the loop.

(a)A

(c) C (d) D

(b) B

4 0
2 years ago
Assume that Lucas's marginal tax rate is 32 percent and his tax rate on dividends is 16 percent. If a dividend-paying stock (wit
kipiarov [429]

Answer:

The correct answer to the problem is 7.728%

Explanation:

Lucas marginal tax rate = 32 percent

Tax rate on dividends = 16 percent

Dividend yield of a dividend-paying stock (with no growth potential) = 9.20 percent.

To determine the interest rate a municipal bond have to offer for Lucas to be indifferent between the two investments from a cash flow perspective =

Dividend yield multiplied by ( 1- tax rate on dividends)

= 9.20% × (1 - 16%)

= 0.092 × (1 - 0.16)

= 0.092 × 0.84

= 7.728%

3 0
3 years ago
During the purchase decision process, an individual at the __________ stage will perceive differences between his or her ideal a
Dimas [21]

Answer:

"Problem recognition" is the correct answer.

Explanation:

  • An empirical investigation has said that the initial phase of the development procedure of the customer and therefore its approach to buying seems to be the acknowledgment of problems that arise when consumers realize that perhaps the problem would also have to be solved.
  • This is whenever the customer sees a requirement and is driven to rectify the conflicts.
3 0
3 years ago
A computer accessory salesman attempts to convince you to purchase a "solar neutrino" shield for your new computer. (It's even "
Margaret [11]

Answer:

Because neutrinos rarely, if ever, interact with my computer.

Explanation:

A computer accessory salesman attempts to convince me to purchase a "solar neutrino" shield for my new computer. (It's even "on-sale" !) I turn down this excellent offer <u>because neutrinos rarely, if ever, interact with my computer.</u><u> </u>Lack of any links to stuff, neutrinos remain extraordinarily unfriendly. They simply don't desire to communicate with anything in today's material world. To neutrinos, the Sun is translucent, and huge numbers of them walk away into all ways of space at approximately the pace concerning light.

4 0
3 years ago
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